Ethylene prices Northeast Asia
Ethylene import prices in Northeast Asia rise to 18-week high
MOSCOW – Last week, import prices for ethylene in Northeast Asia rose to an 18-week high, which was caused by the replenishment of stocks in China after the holidays and a decrease in supplies in the region, ICIS reported.
Spot deals were at USD1 180-1 195 per ton, CFR in northeast Asia, compared with USD1 075 per ton, CFR NE in Asia on February 8.
The spot supply of the material was limited due to problems with cracking installations in Asia and Europe, as well as the upcoming repair of a plant in South Korea.
About 20 thousand tons of February supply of ethylene from Japan and South Korea were postponed to March due to production problems. Ethylene prices Northeast Asia
As for the offer, players expect an increase in availability in the coming weeks. Additional deliveries are expected to come mainly from Southeast Asia.
Ethylene is a raw material for the production of polyethylene (PE).
According to the ICIS-MRC price review , in Russia demand for polyethylene in the local market is still quite low, in many consumption sectors there is an oversupply. PE prices continue to gradually subside. Processors purchase the minimum required volumes of PE, while at the same time delaying the purchase time as much as possible.
Author: Anna Larionova